Home Warranty Insurance

Home warranty insurance is acquired by the builder and issued to the homeowner to protect them against loss from non-completion, defects and breach of statutory warranties by the builder. It is a legal requirement and it is only triggered if a builder dies, disappears or becomes insolvent before completing the home or fixing the defects.

The home building contractor must get home warranty insurance together with the certificate of insurance. The documents must be given to the homeowner before taking any money on the contract and before starting any work or before supplying a kit home. To apply to take out insurance, contractors will need to get an application form from an approved insurer.

Home Warranty Insurance cover:

• Is required for any residential building work or supply a kit home, where the work requires a licence and is valued over $12,000;

• For policies issues after 1 March 2007 must provide minimum cover over $300,000;

• For policies issued between 1 May 1997 and 28 February 2007 must provide minimum cover of $200,000 and

• Is sold by approved private insurance companies.

If you would like more information or need assistance in regards to home warranty insurance or a building related matter, please complete and submit the Express Enquiry form on the top right hand side of this page and we will contact you to discuss your enquiry or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223 9166 to arrange an appointment.